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20130118
20130118
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CNBC 7
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Search Results 0 to 6 of about 7
CNBC
Jan 17, 2013 11:00pm EST
by the pending implementation of obama care next year. which is one of the themes i told you about last week, the government made me do it theme. the staffing companies are in flago right now. and i think they'll stay that way for the rest of the year. the reasons? some has to do with anticipation of the obama health care act, which i'll talk about this in a minute. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. temps are the first to get fired in a downturn and the first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. ♪ hallelujah just today we saw the jobless claims drop to the lowest level in five years. >> house of pleasure. >> plus, while full-time employment was only up 1.4% in 2012, the total number of temporary employees increased by 6.2. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable
CNBC
Jan 18, 2013 4:00am EST
the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next, u.s. planes will reportedly land in -- i'm sorry, u.s. planes have erroredly landed in algeria as hostage takers remain holed up in a gas complex. we will bring you the latest as we come back. >>> let's take a look at how european equities are right now. advancers generally outpacing decliners. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome b
CNBC
Jan 17, 2013 7:00pm EST
kids 30 years old. i don't know if you want to blame president obama for that, that's strange, but you can do so. this was a qualitatively different type of recession. he had a housing bubble, it collapsed. that was not the nature of the recession in '74, '75, '81, '82. those were easy to get out of. easy to have strong growth because the fed deliberately raised interest rates to ease the economy. lower interest rates, then you get a big boom in housing. you can't have that when you have the recession brought on by the housing bubble. >> okay. i've been become a spending hawk right now. i'll get to taxes in a minute, but look, all this government spending we are actually paying people not to work. and i think this is so bad for our economy as well as our moral fiber. just some points, food stamps. in the last two years food stamp recipients are gone up 7.2%. and that's a period when the unemployment rate fell. then you can walk through social security disability insurance. you can walk through lengthy unemployment insurance. pell grants have kept -- keep people out of college rather th
CNBC
Jan 18, 2013 3:00pm EST
been weakening which is helping your exporters. the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight up. >> hey, josh, you like health care stocks, too, at this level, don't you? >> we've been extremely bullish on health care since the early part of last-year, and there was absolutely nothing in the data, terk call or fundamental that tells us we should change our mind. one name to highlight is pfizer. they are about to spin off their animal health unit. if you know the data on how spinoffs typically perform, parent and child, you'll want to pay extra special attention to the timing of this deal, because i've got to tell you, i think it will be unlike a lot of value. i thin
CNBC
Jan 18, 2013 1:00pm EST
on for years or decades, but eventually that company will decline. it it needs to consciously create value for all of its stake holders. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for
CNBC
Jan 18, 2013 12:00pm EST
interesting people in american business ness the studio, dead set against obama care but that isn't the only thing that is controversial about him. he is always thought provoking. have you ever wanted to own the batmobile? actually no. but maybe you have. your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a run away train. it is headed higher ahead of the boj meeting next week. >> early in the week, yeah? >> yes. it is going to be on tuesday in japan so i think that today we've seen a little yen weakness. on monday we'll continue to see a bit of yen weakness and maybe another break above the 90 level before the boj meeting. >> 90 is a key place for you in this trade
CNBC
Jan 18, 2013 6:00am EST
obama inaugural, they're very much resigned to a pretty difficult time economically. there isn't nearly the sort of hope that you had in 2009 when we asked people is 2013 going to be a year of economic expansion and opportunity or where where you pull back and stay for hard times? by two to one, people say they're going to pull back and save for hard times. president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who wo
Search Results 0 to 6 of about 7